Keybank National Association OH Has $501,000 Position in TotalEnergies SE (NYSE:TTE)

Keybank National Association OH cut its stake in TotalEnergies SE (NYSE:TTE) by 4.3% during the fourth quarter, HoldingsChannel reports. The fund owned 9,196 shares of the company’s stock after selling 409 shares during the quarter. Keybank National Association OH’s holdings in TotalEnergies were worth $501,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Venturi Wealth Management LLC increased its stake in shares of TotalEnergies by 0.6% in the third quarter. Venturi Wealth Management LLC now owns 27,751 shares of the company’s stock worth $1,793,000 after acquiring an additional 165 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of TotalEnergies by 1.0% in the third quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company’s stock worth $1,085,000 after acquiring an additional 169 shares during the last quarter. Tradition Wealth Management LLC increased its stake in shares of TotalEnergies by 2.5% in the third quarter. Tradition Wealth Management LLC now owns 7,124 shares of the company’s stock worth $460,000 after acquiring an additional 171 shares during the last quarter. Apollon Wealth Management LLC increased its stake in shares of TotalEnergies by 4.1% in the fourth quarter. Apollon Wealth Management LLC now owns 4,448 shares of the company’s stock worth $242,000 after acquiring an additional 174 shares during the last quarter. Finally, Continuum Advisory LLC increased its stake in shares of TotalEnergies by 70.4% in the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after acquiring an additional 183 shares during the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Stock Up 0.9 %

TTE stock opened at $61.36 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. TotalEnergies SE has a 52-week low of $53.29 and a 52-week high of $74.97. The company has a 50-day moving average of $58.99 and a two-hundred day moving average of $61.59. The stock has a market capitalization of $147.11 billion, a price-to-earnings ratio of 9.21, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. As a group, equities research analysts anticipate that TotalEnergies SE will post 8.02 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Piper Sandler dropped their price target on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Morgan Stanley reiterated an “equal weight” rating and issued a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Finally, BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies Profile

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.